Investment Agreement Signed For Georgia’s Anaklia Deep Sea Port Project

ANAKLIA, Georgia – The Anaklia Development Consortium and Georgian government on Monday signed an investment agreement that will turn the Black Sea port into the country’s main maritime center.

Anaklia Deep Sea Port’s construction will enable Georgia to fulfil its commitments to the Chinese-led Silk Road Economic Initiative that will connect the Far East with Europe through a series of overland and sea-based trade routes.   

Georgian Prime Minister Giorgi Kvirikashvili has said the new port in Anaklia will become one of the main logistics centers in the region and  a major component of the government’s four-step reform plan for the spatial rearrangement of Georgia’s economic hubs.

The port construction will be constructed in nine phases, with USD 586 million already allocated by the Consortium for the first phase.

The Consortium will also invest in the construction of a hospital, kindergarten, sports facilities and business center that will be transferred to the State’s ownership following their completion.

By Nino Gugunishvili

Edited by Nicholas Waller